Concept of financial services

Mobilizing savings (for which the outlets would otherwise be much more limited). Allocating capital funds (notably to finance productive investment). The system consists of savers, intermediaries, instruments and the ultimate user of funds.

Financial Services may be simply defined as services offered by financial and banking institutions like loan, insurance, etc. The content within this section is for educational purposes only and should not be construed as investment advice. It is important to note that the implementation of any strategies provided as part of the LEAP process are designed to aid one in reaching their financial goals, but no.

We assist our Clients achieve their lifetime personal and business financial goals and objectives. A nonprofit, accredite degree-granting institution. The College works tirelessly to ensure that society has informe ethical financial service and insurance professionals it can trust. In financial instruments, we come across cheques, bills, promissory notes, debt instruments, letter of credit, etc. This sector comprises a broad range of industries including banks, investment companies, insurance companies, and real estate firms.

These include many different kinds of organizations such as banks, investment companies, credit card companies, insurance companies and even government programs. All transactions between the buyers and sellers of goods and services are effected smoothly because of financial system. Financial system helps in risk transformation by diversification, as in case of mutual funds.

All our consultants have many years experience within the financial services industry. In this tutorial e-learning course you will learn the basics of Banking and Financial Services. After taking this course you will be ready to take the smooth step towards Banking and Financial Services. Households will use their savings to buy financial instruments and commodities such as shares, stocks, debentures etc. This is the whole concept of the financial market.

This way a financial market serves an allocative function and mobilize idle funds to be put to more productive use. Promoting investment. Minimizing the risks. Maximizing the Returns.

Ensures greater Yield. Economic development. Benefit to Government. Expands activities of Financial Institutions. Meaning of Financial Management Financial Management means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise.

Financial services can also refer to the services and products that money management organizations offer to the public. It means applying general management principles to financial resources of the enterprise. A service is a financial service where it is included in any of paragraphs (a) to (m) of the definition of “financial service” and is not then excluded by any of paragraphs (n) to (t) of the definition.

Pricing a financial service is both an art and a science.

The “art” of pricing is in choosing a combination of fees and charges acceptable to customers, that are fair and transparent, and in determining if the product has any unique attributes that deserve premium pricing. A financial institution or a similar party issues this document to a seller of goods or services. The seller provides that the issuer will definitely pay the seller for goods or services delivered to a third-party buyer. The Concept of the Financial System The process of savings, finance and investment involves financial institutions, markets, instruments and services. Imagine restaurants.

Even if they have the same aesthetics, the people serving would be different, the cook will be different and hence the experience can be completely different. As people are the dominant factor in services marketing mix,.